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BBCNEWS Asia July 6, 2024

the country has been battling soaring inflation and the fellow from the recent earthquakes. standing against him is kemal kilicdaroglu, who is backed by a broad opposition alliance. here s what one of the supporters of the opposition had to say. translation: i am so excited. i can t feel my heartbeat. i still believe we will win. we have to get rid of this system already. especially as a woman, i want this change. the situation of the country is obvious. i m extremely excited. we wait with enthusiasm. i hope we win, i hope all would be as we wish. we are a bit anxious, a bit tense. i haven t been able to sleep for the past week. i woke up at 5am today, casted my vote and directly came here right after. meanwhile in thailand, voters have overwhelmingly chosen to end nearly a decade of military rule. but the question is, who is next? both opposition parties are neck and neck to lead the new government. here are the leaders of both the move forward and pheu thai parties. w ....

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BBCNEWS Asia July 6, 2024

the daughter of former prime minister thaksin shinawatra. the winning candidate, and their party will have to grapple with a slew of domestic issues including polarised politics and a slowing economy. for more on this, i spoke to syetarn hansakul of the economist intelligence unit, who told me thailand is slowly recovering from the pandemic. economic situation has improved from last year. it is in the middle of a cyclical rebound because coming out of the pandemic recession a bit later than others, but finally, after the country reopened in late 2022, the tourism sector, which has been a key part of the country s gdp, is recovering slowly. that is helping to improve jobs and income, and we are seeing the rebound unfolding. but having said that, there are plenty of structural issues that are hurting thailand s long term. competitiveness, and that is something the new government will need to look into and correct. given everything that you have described, what is your o ....

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BBCNEWS Asia July 6, 2024

valley, after microsoft incorporated chatgpt into its bing search engine. the company also announced they are unveiling a new folding phone. james clayton has more. this is google s big tech annual jamboree, their opportunity to burnish its artificial intelligence credentials and show off its latest product. since chatgpt was launched by open a i last year, it s been widely regarded that google were caught on the hop, they didn t realise it was going to be that successful and since then they have been playing catch up. this was an opportunity for them to show off its artificial intelligence, but frankly there were no big announcements today. we got a series of iterative announcements regarding a i, for example its flagship chatbot will be rolled out across 118 countries and territories, and they also announced a partnership with adobe to create an image generator that will connect in. plenty of other announcements, for example a new phone that is foldable at the cost of ....

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BBCNEWS World July 6, 2024

to the federal reserve that the central bank is succeeding in its fight against inflation. let s get the latest on this with our north america business correspondent michelle fleury in new york. some relief after the roses that the inflation is coming down. it some relief after the roses that the inflation is coming down. inflation is coming down. it was the tenth month inflation is coming down. it was the tenth month in inflation is coming down. it was the tenth month in a inflation is coming down. it was the tenth month in a row inflation is coming down. it was the tenth month in a row that inflation is coming down. it was the tenth month in a row that inflationl tenth month in a row that inflation was slowing down and people are looking at it as a sign that perhaps the worst of the inflation crisis is behind us. the problem we have is that the battle is yet to be one because typically if you look at the federal reserve 2% target at 4.9%, we are behind that ....

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BBCNEWS World July 6, 2024

i ll try to give you a fascinating snapshot of all the world of business and money. let s start here in the uk, where the economy in the first three months of this year recorded growth ofjust 0.1%. output in consumer facing services fell by 0.8% in march underscoring the impact of ongoing strikes and the cost of living crisis. hardly booming but a far cry from the record breaking recession that the bank of england was predicting six months ago. on thursday, the bank announced a major rethink of its forecasts saying the uk will now avoid going into recession. of course, talking about interest rates. the bank also raised its main interest rate again by a quarter of a percent to 4.5%. that s the 12th rate rise in a row and it puts the cost of borrowing here in the uk at a 15 year high. here s dr steve nolan, senior lecturer in economics at liverpool john moores university. good to see you. hardly the doom and gloom of the recession that was predicted, but let s ....

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